Search

To develop infrastructure necessary to uphold the forest activity in marginal forest areas.

To promote investments in activities that ensure environmental conservation.
3. Objective of the programme
The basic objective of the programme is to provide the stimulation needed to promote industrial activity and exports, which are important to the achievement of progress and the development of the country's economy.
Adoption of Law No. 11 of 4 January 2008:
(c) The Republic of Panama enacted Law No. 76 of 2009 on the promotion and development of industry, (...) The same Law promotes investment in activities such as human resource training, while encouraging research and development in respect of new products or processes and promoting the implementation of quality systems, the generation of employment, the improvement of management systems, quality assurance, and environmental conservation.

Policy objective and/or purpose of the subsidy.
Promotion of aquaculture activities in marine, continental and brackish waters as a source of food, employment and revenue, maximizing the economic benefits while ensuring environmental and biodiversity conservation.

Some of the tax deductions include environment related activities (site rehabilitation and environmental protection).
11. INTERPRETATION (AMENDMENT OF SECTION 155).
Section 155 of the Principal Act is amended in Subsection 1 by -
(a) inserting, after the definition of "resource right", the following new definition:

"site rehabilitation activity" means an activity carried on by or for a taxpayer to restore or rehabilitate (whether partially or fully) a site on which the taxpayer for the purposes of producing income, carries or carried on a resource project to the condition, or a reasonable approximation of the condition, it was in before operations were first started on the site (whether the activity was first started by the taxpayer or a predecessor of the taxpayer whether immediate or otherwise), including any activities as prescribed by regulation; and

(b) repealing and replacing the definition of "resource project" as follows:

"resource project" means a designated gas project, a mining project or a petroleum project, including any resource environmental protection activity in relation to the designated gas, mining or petroleum project.".
12. DEDUCTION FOR ALLOWABLE CAPITAL EXPENDITURE (AMENDMENT OF SECTION 155E).

Section 155E of the Principal Act is amended by inserting a new subsection after Subsection (6) as follows:
"(7) To the extent that expenditure is incurred solely or predominantly for -
(a) environmental protection activities as defined in Section 72D(1); or
(b) environmental impact study as defined in Section 72E(1); or
(c) site rehabilitation activities,

Improvement of investment climate of the region and support of development of SMEs. All organizations performing activities in one of the following: (…)
10) collection and processing of non-metal waste and scrap, territory clean ing and waste disposal;

Improvement of investment conditions for performing industrial production in the region and stimulation of ecological friendly manufacturing

Implementation of investment projects for: (…)
2) establishment of production of formaldehyde resins with improved ecological indicators;

Policy objective and/or purpose
The policy objectives are to facilitate the adjustment of paddy field utilization and to strengthen the farmland environmental conservation plan for sustainable use of farmland as the structure of agricultural production undergoes adjustment.

Policy objective and/or purpose
Due to severe overfishing worldwide, the United Nations (UN) has been urgently calling on nations to reduce their fishing capacities. This programme seeks to alleviate pressures on the fishery resources and ensure their sustainability.

Policy objective and/or purpose
Due to the problem of overfishing globally, the UN is calling on nations to reduce their catches. This programme seeks to alleviate pressures on fishery resources and ensure their sustainability.